CloudCover, a provider of third-party maintenance (TPM) and IT lifecycle management solutions, recently received a growth investment from Argentum, a New York-based equity firm focused on founder-led B2B software and tech-enabled services.
This investment will help CloudCover expand into global markets and enhance its cloud-based platform, CoverIT, which improves TPM delivery efficiency across the IT ecosystem. Major IT channel partners utilize CloudCover’s services for flexible, cost-effective infrastructure support worldwide, contributing to the company’s rapid growth in North America and beyond.
KEY QUOTES:
“CloudCover has reached a pivotal point in its growth journey. The opportunity to lead the TPM and IT lifecycle management markets through technology innovation is massive—and accelerating. Argentum is the right partner to help us scale, without compromising the culture, vision, or execution that got us here. We’re incredibly proud of the team we’ve built and energized by the road ahead.”
Jeff Huggins, founder and CEO of CloudCover; Huggins will continue to lead the Company as Chairman and CEO and remain the majority shareholder after the investment.
“We’ve earned the trust of some of the biggest names in the channel by delivering reliability, responsiveness, and the flexibility they need to win. This partnership with Argentum allows us to invest further in our partner ecosystem, continue our international expansion, and deliver an even higher standard of support.”
Robert Kenney, Chief Revenue Officer at CloudCover
“CloudCover’s purpose-built platform coupled with its global service capabilities offers its channel partners the opportunity to participate in the lucrative TPM market in a frictionless way with limited investment and under their own brand. We believe this “channel-first” strategy represents a highly differentiated approach to the TPM market that positions CloudCover to continue its rapid growth.”
Daniel Raynor
